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British demand for property in Brazil increases



Country:  Brazil

19 October 2009

Moneycorp has launched a new Brazilian Real Service in response to what is says is an increase in the number of Britons looking for a Brazil property investment.

Since Rio de Janeiro was awarded the 2016 Olympics Games to compliment the fact that Brazil is to host the 2014 football World Cup, the currency exchange firm has seen an increase in British investors increasing their focus on the country.

In response to this, Moneycorp has partnered with Banco Rendimento to launch the Brazilian Real Service which fixes the Brazilian real rate of exchange so that clients know how exactly many Reals will be delivered.

The service also reduces the time between transfer and receipt of funds, while guaranteeing that each trade will be registered with the Central Bank to facilitate the future repatriation of funds.

In August alone, Moneycorp has seen enquiries regarding Brazil propert investment jump by over 57% and over £22m was sent to Brazil from the UK for property related purposes in 2008 alone.

Deane Roe, Brazilian Real Account Manager for foreign exchange specialist Moneycorp, said: “We are delighted to launch the Brazilian Real Service to help our clients get the best deal possible when looking to invest in Brazil. At a time when people are trying to make the most of their investments, it is vital that they take some simple steps to ensure they are not wasting their hard-earned cash. Our Brazilian service removes all of the complications that can arise when transferring money to Brazil and, at the same time, saves our clients a lot of money.”


See Also:   Brazil, FIFA footbal World Cup, Olympic Games


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